The founder and chairman of Hightimes Holding Corp., Adam Levin, agreed to plead guilty to joining a criminal conspiracy to pay more than $150,000 in undisclosed compensation to an analyst for an investment newsletter that touted its stock and assisted the company in raising at least $6 million, the Justice Department announced Friday.
According to the DOJ, the scheme involved paying the analyst, who acted as a money launderer for the scheme, and the chief executive officer of a Beverly Hills company who brokered deals for undisclosed payments by other issuers. The payments made by Levin, totaling $150,000, were ...
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